Is Ronin Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ronin Resources Ltd (RON.AX) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Ronin Resources Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ronin Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ronin Resources Ltd?

Muslim investors may consider investing in Ronin Resources Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Ronin Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ronin Resources Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Ronin Resources Ltd updated?

The Shariah compliance status of Ronin Resources Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Ronin Resources Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Ronin Resources Ltd?

You can check the latest Shariah compliance status of Ronin Resources Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

RON.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Ronin Resources Ltd. Stock Analysis RON.AX

Australia Materials Nano Cap Report: Q2, 2025

Ronin Resources Ltd. engages in exploration and evaluation activities of mineral projects. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-12-16. The Vetas Project is the Company’s primary focus and is a large, high-grade, thermal coal project containing a JORC compliant exploration target. The Vetas Project’s tenure consists of a mining contract and mining contract applications. The Vetas Project is located over 50 kilometers (km) north of the town of Tibu, Norte de Santander in northeast Colombia. The Santa Rosa Project consists of three mining license applications located in the foothills of the Serrania de San Lucas, Municipality of Santa Rosa Sur, Department of Bolivar in northern Colombia. The Hornby Lake Lithium Project is located in North-western Ontario, Canada, over 15 km west of Frontier Lithium Inc’s PAK and Spark lithium projects and covers an area of 123 square kilometers.

Key Statistics of Ronin Resources Ltd (RON.AX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

AUD0.17AUD0.18

Today's Open

AUD0.18

Volume

137.31K

P/E Ratio (TTM)

52 Week Range

AUD0.12AUD0.28

Market Cap

7.07M

Avg. Volume

4312.00

Dividend Yield

Financial Metrics & Statements of Ronin Resources Ltd (RON.AX)

FAQ's for Ronin Resources Ltd (RON.AX)

According to Musaffa’s Shariah screening methodology, Ronin Resources Ltd (RON.AX) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.